Warburg Pincus LLC, the private- equity firm with more than $35 billion in assets under management, said it will invest as much as $1.13 billion with three other partners in Venari Resources LLC, a deep-water oil exploration company.  More »

A new report projects that demand for electric power in Texas will exceed generation capacity during peak periods by 2022–a slight improvement from an earlier projection of “negative reserve margin” by 2020.  More »

In a motion for a time extension filed last week, Skilling attorney Daniel Petrocelli asked to have until August 17 to submit Skilling’s latest brief. The two-page motion refers to Skilling’s intent to ask for a new trial based on the new evidence but includes no description of what the evidence is.  More »

The future economic security of Iraq rests upon the management of its natural resources, but a festering dispute between the autonomous region of Iraqi Kurdistan and the central government in Baghdad threatens to destabilize more than just Iraq’s economy, according to an article published in The Majalla last week on “Oil’s Divisive Influence: The Case [...]  More »

Guest Written By Peter C Glover What’s the difference between the European Union and the Titanic? Answer: the Titanic was holed by a single immovable object and took minutes to sink. The EU, another allegedly “unsinkable” project, is taking a little longer. As if Eurozone crisis and keeping Greece afloat wasn’t threatening enough, the next [...]  More »

Recent estimates from the Texas Commission on Environmental Quality (TCEQ) show that emissions of air pollutants that harm human health in the Houston region are falling dramatically.  More »

The New York City Comptroller on Thursday joined a list of investors who have expressed serious concern about embattled Chesapeake Energy Corp. CEO Aubrey McClendon and his leadership style during a week when the company’s market value has fallen more than $1 billion. The comptroller, John Liu, sent a letter to shareholders on behalf of [...]  More »

The Obama administration is moving to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S. market with government-subsidized ones.  More »

Oil and gas companies will have until June 19 to file their bids for the government’s upcoming auction of drilling leases in the central Gulf of Mexico, the Interior Department announced today.  More »

A few weeks ago, I attended a discussion about ethics and oil spills at the Offshore Technology Conference. I was critical of the presentation by W.C. “Rusty” Riese, a geoscientist and adjunct professor at Rice University, for directing much of the criticism over the Gulf oil spill outwardly at the media, lawmakers and regulators. After [...]  More »

The White House on Tuesday pushed back against the oil and gas industry’s claims that the Obama administration is blocking domestic energy development, releasing a new analysis showing that 46 million acres of federal lands and waters leased for drilling are sitting idle.  More »

An oil industry exemption from highway safety rules needs to be re-examined. It’s putting not just the oilfield workers at risk but the driving public as well.  More »